Crescent Grove Advisors LLC Lowers Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

Crescent Grove Advisors LLC reduced its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 7.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 937 shares of the apparel retailer’s stock after selling 75 shares during the period. Crescent Grove Advisors LLC’s holdings in Lululemon Athletica were worth $358,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of LULU. Public Sector Pension Investment Board lifted its stake in shares of Lululemon Athletica by 70.9% in the 2nd quarter. Public Sector Pension Investment Board now owns 4,379 shares of the apparel retailer’s stock worth $1,308,000 after acquiring an additional 1,816 shares during the period. AQR Capital Management LLC lifted its stake in shares of Lululemon Athletica by 92.7% in the 2nd quarter. AQR Capital Management LLC now owns 106,730 shares of the apparel retailer’s stock worth $31,823,000 after acquiring an additional 51,355 shares during the period. MBB Public Markets I LLC acquired a new stake in shares of Lululemon Athletica in the 2nd quarter worth $2,462,000. The Manufacturers Life Insurance Company lifted its stake in shares of Lululemon Athletica by 6.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 223,993 shares of the apparel retailer’s stock worth $66,907,000 after acquiring an additional 14,153 shares during the period. Finally, Mackenzie Financial Corp lifted its stake in shares of Lululemon Athletica by 13.8% in the 2nd quarter. Mackenzie Financial Corp now owns 10,841 shares of the apparel retailer’s stock worth $3,238,000 after acquiring an additional 1,314 shares during the period. 85.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LULU. Barclays raised their target price on shares of Lululemon Athletica from $378.00 to $411.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Lululemon Athletica from $292.00 to $396.00 and gave the company a “hold” rating in a research note on Monday, December 9th. BMO Capital Markets raised their price objective on shares of Lululemon Athletica from $265.00 to $302.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. Piper Sandler raised their price objective on shares of Lululemon Athletica from $260.00 to $340.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Finally, Morgan Stanley lifted their target price on shares of Lululemon Athletica from $414.00 to $420.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 15th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat, Lululemon Athletica has an average rating of “Moderate Buy” and an average price target of $391.00.

Lululemon Athletica Stock Up 3.1 %

Shares of LULU stock opened at $400.03 on Monday. The stock has a market cap of $48.72 billion, a price-to-earnings ratio of 28.88, a price-to-earnings-growth ratio of 2.50 and a beta of 1.18. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $491.30. The firm’s 50 day moving average price is $368.60 and its two-hundred day moving average price is $307.60.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, beating analysts’ consensus estimates of $2.69 by $0.18. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.36 billion. During the same period in the previous year, the company posted $2.53 earnings per share. Lululemon Athletica’s revenue was up 9.1% compared to the same quarter last year. On average, equities analysts forecast that Lululemon Athletica Inc. will post 14.34 EPS for the current fiscal year.

Insider Transactions at Lululemon Athletica

In related news, insider Nicole Neuburger sold 2,022 shares of the company’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total value of $782,736.42. Following the sale, the insider now directly owns 6,198 shares of the company’s stock, valued at $2,399,307.78. This represents a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Celeste Burgoyne sold 24,870 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the completion of the sale, the insider now directly owns 12,429 shares in the company, valued at $5,040,456.66. This represents a 66.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.

Lululemon Athletica Company Profile

Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.